Sarina (4737) is a suburb in Queensland that continues to attract attention from both homeowners and investors. As a regional suburb, the suburb is serviced by 4 schools and benefits from solid transport and amenity access.
Sarina has a population of approximately 5,619, a median age of 40, a median weekly household income of $1,790. With 70% owner-occupier rate, this is predominantly a homeowner market, which supports long-term price stability. Across the broader LGA, 20.8% of residents hold a university qualification.
Key employment industries in the broader local government area include Health Care and Social Assistance (13.9%), Mining (12.6%), Retail Trade (9.6%).
The current median house price in Sarina is $543,000. Average annual growth sits at 7.3% over five years, reflecting steady capital appreciation. In the past 12 months, prices have increased 13.13%.
Properties in Sarina spend an average of 35 days on market. Online buyer demand is currently rated as high online demand. Stock on market sits at 0.54%. With inventory levels at just 1.5 months, supply is tight relative to demand. The average vendor discount is -3.6%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in Sarina is $590. Gross rental yield sits at 5.65%, which is above average and attractive for cashflow-oriented investors. The vacancy rate of 0.8% signals very strong rental demand. Rents have grown 4.42% over the past 12 months.
The broader local government area is forecast to grow from 135,888 to 149,294 residents by 2031, representing 9.9% population growth. This level of growth typically supports continued demand for housing and infrastructure investment.
Explore other suburb profiles in the area: Andergrove, QLD, Beaconsfield, QLD, Blacks Beach, QLD, East Mackay, QLD, Eimeo, QLD.
Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Sarina or need help identifying the right suburb for your strategy, get in touch with our team.
The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.